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Registration number: 05824913

The Glastonbury Goddess Temple

(A company limited by guarantee)

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Hele Kergozou Limited
Chartered Accountants
Lilac Cottage
The Street
Draycott
Cheddar
Somerset
BS27 3TH

 

The Glastonbury Goddess Temple
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Glastonbury Goddess Temple
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Glastonbury Goddess Temple for the year ended 31 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .

This report is made solely to the Board of Directors of The Glastonbury Goddess Temple, as a body, in accordance with the terms of our engagement letterdated 2 July 2007. Our work has been undertaken solely to prepare for your approval the accounts of The Glastonbury Goddess Temple and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Glastonbury Goddess Temple and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Glastonbury Goddess Temple has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Glastonbury Goddess Temple. You consider that The Glastonbury Goddess Temple is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Glastonbury Goddess Temple. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hele Kergozou Limited
Chartered Accountants
Lilac Cottage
The Street
Draycott
Cheddar
Somerset
BS27 3TH

26 April 2016

 

The Glastonbury Goddess Temple
(Registration number: 05824913)
Abbreviated Balance Sheet at 31 December 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

173,505

   

173,867

 

Current assets

 

             

Stocks

 

   

590

   

594

 

Debtors

 

   

-

   

1,146

 

Cash at bank and in hand

 

   

74,489

   

36,396

 
   

   

75,079

   

38,136

 

Creditors: Amounts falling due within one year

 

   

(766)

   

(600)

 

Net current assets

 

   

74,313

   

37,536

 

Net assets

 

   

247,818

   

211,403

 

Capital and reserves

 

             

Profit and loss account

 

   

247,818

   

211,403

 

Shareholders' funds

 

   

247,818

   

211,403

 

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 26 April 2016 and signed on its behalf by:

.........................................
KS Jones
Chairman

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

The Glastonbury Goddess Temple
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 January 2015

 

175,924

   

175,924

 

At 31 December 2015

 

175,924

   

175,924

 

Depreciation

           

At 1 January 2015

 

2,057

   

2,057

 

Charge for the year

 

362

   

362

 

At 31 December 2015

 

2,419

   

2,419

 

Net book value

           

At 31 December 2015

 

173,505

   

173,505

 

At 31 December 2014

 

173,867

   

173,867

 
 

The Glastonbury Goddess Temple
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings

Goddess Temple Gifts Ltd

Ordinary

100%

Gift shop

3

Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.